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Comedy Central
Jan 8, 2013 1:30am PST
perfecting the legal limit for how much kit borrow also known as the debt ceiling. republicans can demand that the president make spending cuts or we'll hit the debt ceiling and go through it. [ laughter ] or get crushed by it or you know what? we might have to make a skylight in it. sounds nice. it's pretty but they rarely get caulked properly and when it rains, it drips and ruins your sisal carpet. the republicans are clearly in a strong position but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and a congressman are suggest a $1 trillion platinum coin could be minted and the government could use it to pay the debt, avoid default and preempt the debt ceiling crisis. >> stephen: we should have known that a coin was obama's solution to everything. it was right in his slogan. change. it's legal in that it is not technically illegal. [ laughter ] let me explain with someone else's mouth. >> technically it does appear to be legal. here is how. >> the u.s. government can print new money but there's a limit to how much paper money can
FOX Business
Jan 8, 2013 5:00pm EST
something. melissa: go ahead, doug. >> i want to point outgoing over the debt ceiling doesn't cut spending. the fact that the treasury doesn't have the money doesn't relief them of the obligation to spend it. it is the law of the land to spend the money. melissa: hang on, guys. hang on. we have to talk one at a time. what it actually says i'm not going to extend you anymore credit until you get your books in order. why should i give you more credit to spend when you haven't figured out how you're going to live within your means? why is that wrong, doug? >> that's right. in fact the fact that the you know, your teenager overspent their credit card doesn't mean you don't pay the bill. melissa: you say i will not raise the limit to get your act together. >> my point if you want to cut spending pass laws to cut spending. hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and
PBS
Jan 8, 2013 12:00pm PST
for him because now the republicans have the potential of using the debt ceiling and possibly the sequester, these automatic budget cuts that will start taking effect in march, to really force big spending cuts and if obama doesn't agree potentially it will cause him substantial economic damage. >> rose: austan, i've talked to people who are wonderful negotiators and they always say to me "you've got to give the other guy something, it's never, never i win-you lose." did the president make a mistake by not at least giving republicans some spending cuts that they would have been able to take home? >> i don't know if i totally agree with that in this circumstance in that they -- the democrats moved on what level the higher tax rates were going to apply to. it strikes me that we've got a weird negotiation which is -- let's call it a multiyear negotiation where i think we all hand in our heads two years ago last year and even coming into now that there would be some negotiated grand bargain with some revenues and some cuts. and instead it seems like the way it's playing out is the original debt ceiling fight, we got a bunch of
FOX Business
Jan 7, 2013 10:00pm EST
raise as much as $1 trillion in new revenue as we near the debt ceiling. the prospect of sequester cuts obviously facing us. the export -- expiration of funding. joining us now, republican strategist and a former political director, former fox news contributor. good to have you here. he says there is not a problem with israel or his record on iran. he is a good fellow ready to do a good job. >> i was struck by the president's language in nominating him, saying that he represents bipartisanship. of course, what the president means is he is a republican agrees with me. the problem is, he has no support among republicans, and i ink a lot of democrats will be troubled by some of the things as the said. he is going to have to put up the good fight for himself to when this. lou: are you surprised. the newly elected senator from the grace to the texas who is sort of out there even ahead of the other senator from texas, hn corning, just running away with this nomination. >> he is a very effective guy. he beat the establishment candidate in texas. a tremendous campaigner and will be there for a long time
FOX News
Jan 8, 2013 1:00pm PST
spending or other budget cuts in exchange for raising the debt ceiling. now some republicans are saying, how about we just ask for a budget? the congressional budget act of 1974 requires that congress pass a budget every year by april 15th. harry reid last allowed a budget to be passed in the senate in april of 2009. as you ed said earlier that is 1350 days ago. the reason is clear. the budget that was passed passed by a big democratic majority had highly elevated levels have spending. by not passing a new budget they of made the spending the new baseline. they really don't want to change that. they haven't passed one. they funded the government by passing a series of continuing resolutions since then. >> neil: are they breaking the law? >> they are. the law does require congress to do this. i have to say, after i published this article in the washington examiner. i got tons of e-mails, gee, if it's the law and harry reid is breaking it can't they do something about it? the law was written and it's a requirement and it has no enforcement provision. it has no teeth in it. harry reid is v
Comedy Central
Jan 7, 2013 11:00pm PST
massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon: republican or democrat, senator or congressman, team edward or team jacob, everyone agrees john boehner sucks. at least we can be assured that as the incoming congress votes for a new speaker of the house, it's clear what the outcome is going to be. >> john boehner won re-election as house speaker today. >> jon: oh, boy. (train whistle blowing) >> jon: welcome back to the show. listen. as you may recall, a couple months ago america was hit by two major disasters. one of them natural, hurricane sandy and one of them somewhat man made the republican majority in the house of representatives. the second of those disasters has made it imp
CNBC
Jan 7, 2013 7:00pm EST
debt ceiling increase we're talking about came supposedly as a result of the $1.2 trillion spending cut sequester that never happened. now, that to me is bizarre and democrats want to replace it with more tax hikes. >> well, you have had this ground hog day aspect to this, right? where you continue to kick the can down the field. the reality is that we currently have a political market forces that are inconsistent with doing the right thing by our economy. i mean, you just heard the senator, i would suggest if he feels that way, he may want to begin by having a conversation with his own leader, senator mcconnell who spent the weekend talking about the fact that he was only going to look at one aspect of this. the reality is, if you're going to bring people together, it does have to be a bigger deal with pieces from both sides. otherwise you're going to continue to have the same process. we kick the can, we don't make any of the hard decisions and end up with a situation we just saw this week. look at the cover of the economist, right? the cover of "the economist" is making fun of our country. whe
KRON
Jan 8, 2013 6:00am PST
. ahead line news coming out president obama and congress of bickering of the debt ceiling. how much do we cut security of a tweak of medicare. >> i do not have a crystal ball if i did not have a small island and have my own basketball team people under 4 ft. tall. >> we do not know what will happen the next days. >> we will check back with rob for winners and losers on wall street at 9:15 a.m.. >> right now is 6:48 a.m. and we are watching the weather. let us take a live look on van ness ave from our roof camera. we're getting a better look at things as the light is coming out. we will get with erica on the fall that is the big story and whether there is for to let us go to george. >> we're still tracking hot spots of interstate 80. even though progress is being made on clearing the crash. the back of continue to grow from el cortel drive. >> will continue to have a dense fog advisory for highway 4 in the antioch pittsburgh area. chp has not yet lifted advisory. that would affect traffic in both directions. it may be why we see a slower than usual east bound right. a new hot spots that is the problem
FOX Business
Jan 8, 2013 1:00pm EST
raise the debt ceiling. those two are really tied together, why would you not agree to that? >> right now is not the time to cut spending dramatically. we are faced with a struggling economy, a struggling recovery and every bit of government spending you can't comes out of the economy. if we hit the debt ceiling february 15th, the same bipartisan policy center report said we would basically take one month time, $165 billion out of the economy. that is 10% of gdp in one month. that would send the economy back into recession, unemployment would skyrocket again, we would be far worse off. we need a balanced approach to deficit reduction. we started on that track and need to continue. ashley: congressman ron, responded you can. >> my good friend is totally wrong. it is not government spending that will stimulate the economy. we need to leave those dollars in the hands of job producers and family businesses, the hands of consumers instead of sending it to the federal government in washington d.c.. we have to cut spending. the american people want us to deal with this issue right now. $16.4 trillion is unsustainable. every ma
FOX News
Jan 8, 2013 10:00am PST
today predicting that d.c. will hit our 16.4 trillion dollar debt ceiling on february 15th unless congress acts. republicans have said that they will not approve an increase to the debt ceiling, basically our credit limit, without some spending cuts. but a group of democrats have now sent a letter to president obama arguing that he doesn't really need the republicans to say okay to raising the debt ceiling, he can do it himself and if the republicans don't like it, they can take him to court. brit hume is our fox news senior political analyst, brit, so the democrats want president obama to say, if the republicans say you're not getting your debt ceiling increase unless you give us spending cuts, they want president obama to turn around and say i'm not giving them to you and if you refuse to raise the debt ceiling i'm just going to do it, if you don't like it, sue me. is this likely? >> well, i don't think it's a likely outcome and i think if it ever came to that that the president would almost certainly lose some of his administration's lawyers have said as much. and basically what it comes down to, there's a passage in the 14th amendment to the constitution that says the validity of the nation's public debt shall not be questioned. i
MSNBC
Jan 8, 2013 8:00am PST
here, the boehner rule being every dollar raising the debt ceiling will require one dollar of spending cuts over the next ten years. do you think john boehner can deliver on that to his party? >> i think he absolutely can deliver. he delivered on it last time. i think he'll be able to do it again. this is actually a fight with republicans not only anxious for but needs to happen. the president has presided over four $1 trillion deficits in a row. never presented a budget that any member of his own party was willing to vote for. the democratic senate hasn't produced a budget at all in three years. come on, it's time -- revenue portion of this has been settled in the fiscal cliff deal. i cooperated with the administration on that, a lot of my colleagues did as well. i think we've shown a great deal of good faith. it's time for the president to come across and get serious about the spending cuts and reform he said is necessary. >> does that mean if the boehner rule goes into in effect that this deal would mean some type of review monthly? every month at raising the debt limit? >> no, i actually thi
FOX News
Jan 8, 2013 8:00am PST
about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and here it is time to do it again. we've got to stop the madness. . . living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help relieve pain and stop joi damage. so you can treat more than just the pain. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worseng heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if youhave had, are prone to infections or have symptoms such as fever, fatigue, cough, or sores. you should not start humira
FOX Business
Jan 7, 2013 9:00pm EST
that is the only time that you have leverage. if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of wh happened. they think will lives lost in the last debate what do you make of that? the republicans wee in a much weaker bargainingposition. what speaker boehner was doing anything that taxes went up midnight on december 31. he actually got a tax cut compared where would've been. everybody else was going to get higher income taxes and they didn't. in this case from the esident keeps more than what speaker boehner caved. the. gerri: you make a good point. i wanted to respond one more thing, which i found interesting. steve moore of "the wall street journal" said we had heard that i'm not going to negotiate with the president anymore and now we find out that the president told speak
MSNBC
Jan 8, 2013 9:00am PST
is the triple threat, the automatic spending cuts, the debt ceiling, and a continuing resolution to fund the government. there are also two pieces of legislation that embarrassingly congress dropped the ball on last year are, relief for victims of hurricane sandy and renewal of the violence against women act. there is the farm bill that sets farm subsidies and food aid for the poor. there is postal reform, as the usps hemorrhaging $25 million a day and may need a bail-out, and the pie in the sky, the if only they could get their act together and actually do something wish list items, meaningful changes to the nation's gun laws and immigration reform, which the 11 million undocumented workers in this country are counting on. more than just a full plate, this is a jam packed enchilada of responsibility. joining us now from washington is the sade of capitol hill, boat shoe enthusiast and my celebrity dopplerleganger, nbc's luke russert. a man, i will say, who does not really take a vacation, luke. you have been in the trenches this whole holiday season, my friend. >> yeah, but thankful
CSPAN
Jan 8, 2013 6:00am EST
cliff agreement and what's ahead for the debt ceiling, automatic spending cuts and the deficit. live coverage gets started at 12 eastern. >> i think that that collectivization of the minds of america's founding fathers is particularly dangerous because, as i say so often in the book, they were not a collective unit. and presenting them as such tends to dramatically oversimplify the politics of the founding generation. and then it comes to be used as a big battering ram to beat people over the heads with in ways that i think are both historically incoherent and rhetorically unsound. >> michael austin on what he calls the deep historical flaws by conservative commentators. he shares his views with george washington associate professor of law david fontana on booktv's "after words" sunday at 9 p.m. and midnight eastern on c-span2. >> now, homeland security and state department officials testify about potential abuse of refugee programs by terrorists. the testimony includes a case where two iraqi nationals were given refugee status in the u.s. and later tried to send weapons and money to
CSPAN
Jan 7, 2013 8:30pm EST
confusing things going on today in defense and defense budgeting with various debt ceiling deals, averted sequestration or not averted sequestration, this is a very timely time to have this conversation and we are joined by m fantastic panel of experts to help us cut through confusion and pull back and look at some of the bigger, strategic questions that are out there. i'm joined by three folks here. michael o'hanlon, you're already met, senior fellow and director of research and foreign policy here a brookings where he specializes in defense strategy. one of the most important prolific voices and defense issues, rich and literally hundreds of op-eds, columns, and articles, including one to point to you up on foreign policy but said right now looking at defense budgets . we are joined by richard -- richard betts, one of the top thicker -- thinkers and teachers, professor and director of war and peace studies at columbia university. numerous books have garnered critical success including it was an award from the american science association for the best book of political science. also a key facilitator of a summer security studies workshop that probably somewhere around 75 percent of all the security studies professors in the nation have attended. also a g
FOX News
Jan 8, 2013 6:00am PST
ceiling. just give me more borrowing authority. let me have more revenue so i can continue to spend. that will not solve the problem. we have $16 trillion debt. we will have to cut spending. bill: are you in agreement with mitch mcconnell this weekend when he said taxes are off the table? we resolved this issue. we have, sorry, we don't have this problem because we tax too little. we have it because we spend way too much. >> no. he is exactly -- remember the last debt ceiling agreement 16 months ago. two days after the law passed we got downgraded on our credit rating. a week after the bill had passed the market dropped 1323 points. the super-committee which was supposed to identify spending reductions fell apart like many of us thought it would and the scheduled cuts in the last agreement which were supposed to take place were just suspended and postponed five days ago in the fiscal cliff agreement. now it is time to raise the debt ceiling again and we have yet to cut one dime from the last agreement. spending is the problem we have to address that problem. bill: now democrats have shown their hand a little bit where they are on this issue for the next round, the next d
CNN
Jan 8, 2013 6:00am PST
gearing up for a fight on the debt ceiling. president obama said last week he won't negotiate and some republicans won't raise the debt ceiling without getting their spending cuts. the coin may be a big fat joke but it's not about the coin when you think of this, it's reflectiveysfunctional it is on capitol hill, they're creating a magic coin to solve the u.s. debt crisis? come on. >> i'd like to have my own personal trillion-dollar coin to pay off all my debts no matter what anyone else says. >> print your face on it, right? >> no, i want your face on it. >> okay, deal. >> thank you, alison. >>> her life was cut short more than a year ago, now the uk has opened a second probe into the death of amy winehouse. we'll head to london for a life report. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier wit
MSNBC
Jan 8, 2013 3:00pm PST
hear john boehner and mitch mcconnell. mcconnell wouldn't take the debt ceiling off the table, but he wouldn't commit to doing it. and when you have boehner saying it's a better point of leverage with sequester, he's politically wrong about that. sequester is terrible, terrible program cuts. but it's a lot less horrible than the debt ceiling. so any time you're thinking that you have to bargain over that, you are bargain around that and the president can stand firmer on that than he could, i think, on the debt ceiling crisis. so i think his strategy of saying i'm not going to negotiate with you on that is paying off. >> now, jared, it was interesting to me when newt gingrich who did close government in the '90s, newt gingrich predicted that the republicans were in on this. watch this. >> everybody's now talking here comes the debt ceiling. i think that's frankly a dead loser. because in the end you know it's going to happen. the whole financial system is going to say this will be a gigantic problem. you can't be responsible. and they'll cave. >> when you have newt gingrich saying they'll cave. and newt gingrich did this, i mean, you really have to question how the republicans even took this long to start equivocating on what they're going to do. >> i think everything that you
CNBC
Jan 8, 2013 4:00pm EST
ceiling without an equal number of spending cuts. democrats are saying we're not negotiating with you as all, because as whyte white house press secretary jay carney said look what happened when we tried that in 2011 it resulted in a credit rating downgrade. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. it would be irresponsible to flirt with default. we saw what happened in the summer of 2011 when congress did flirt with default. >> and i think we can conclude from the fiscal cliff debate, maria, is that congress and the white house won't reach an agreement before they absolutely have to, and don't rule out possibility that the white house could yet invoke constitutional authority to unilaterally raise that debt limit if congress is not willing to play ball with them. >> we'll be wag. thanks very much. how far can washington push this debt ceiling fight before damage is done to the economy? an economist with ftn financial joins us and steve liesman, our senior economics reporter. you worri
Current
Jan 8, 2013 3:00am PST
principled leadership. more conviction. he talked about going over the debt ceiling. shutting down the government. said that we need to do what republicans did in 1995 is just shut the whole thing down, stand by our principle demand spending cuts. >> bill: we have that bite. so here's senator ted cruz, republican from texas new tea party leader as to what we should do -- what republicans should do when it comes to the debt ceiling. >> there was some political cost to be paid but at the end of the day, because republicans stood strong in 1995, we saw year after year of balanced budgets and some of the most fiscally possible policies congress has produced in the modern era. if we stand strong, we can do that again and it just comes down to republicans, are we willing to stand strong and face the wrath of the mainstream media criticizing us and the president saying nasty things about us. >> bill: now, is he just an idiot or a liar. the thing is yeah, newt gingrich shut down the government in 1995. how did that work out? newt gingrich got tossed out. republicans lost control of the house. and yeah, we have balanced budgets because of bill clinton's economic program. shut down the government, i thought everybody today accepted was a colossa
CNBC
Jan 7, 2013 11:00pm EST
, $300,000, they go nuts because we got this fiscal crisis, we've got a debt ceiling discussion, we've got senator mcconnell saying, listen, we got to find ways to cut entitlements. isn't this smack in the middle of that debate when you're charging $300,000? >> well, we charge $295,000 because of really three things. one, the burden of illness of the condition you described, $200,000 to $600,000 a year is the cost for each one of these patients. we charge $295 because of the value that gattax brings. reducing the reliance on nutrition, 15% of patients getting off of nutrition altogether and improvement in the quality of life. and third, there's a premium associated with treating only 3,000 to 5,000 patients in the u.s. >> so the insurance companies would actually favor using your drug than doing what they're currently doing for these people. >> that's exactly right actually. 100% of the payers said that they would reimburse gattex. 76% of the physicians said that they will prescribe gattex independent from the cost. and about 100% of the patients said they will try gattex. >> let's go over when people talk about cutting medicare, when people talk about reining i
MSNBC
Jan 8, 2013 10:00am PST
politically blackmailed over the debt ceiling. with respect to the sequester, replacing it, we need to continue to follow the same pattern that we did with respect to the fiscal cliff. in other words, and last year. last year we had 1.5 trillion dollars in cuts. we'll have to do additional cuts, but it will have to be combined with additional revenue from eliminating a lot of these tax breaks and loopholes that benefit high income individuals. the same kind of tax breaks and loopholes, by the way, that mitt romney and paul ryan talked about during the last campaign. >> now, one of the changes that politico has been writing about today in a profile of congressman cotton, tom cotton, one of the freshmen, is that you've got congressman like tom kolton that is a harvard law graduate. when it comes to congress having been supported in the primary by the club for growth, cho gave $300,000 plus. so he has no loyalty to john boehner or to the party. he has loyalty to those who supported him. and those that want to take a posture on those cuts, and he won't be very open to negotiatin negotiatin
CNN
Jan 8, 2013 2:00am PST
for the united states? also a debt ceiling alarm bell from the bipartisan policy center saying the treasury department's going to run out of room on the debt ceiling earlier than we thought. february 15th, they say. that's the "x" date when we can't pay all of our bills, when we literally only have that date $9 billion coming in, and we have $52 billion in bills. imagine that in your own household. if you had $9 billion coming in and $52 million going out. when you look at it, it's staggering. i think we have a chart on the left. that's how much daily catch flow analysis, that means how much on the left, $9 billion is coming in. look at all the bills on the right we have to play, interest on the debt, $30 billion, we only are bringing in $9 billion a day on february 15th, but we have $30 billion in debt payments. how about irs refunds because it is, of course, tax season. federal salaries and benefits, $3.5 million, military active pay, medicare/medicaid, defense, food/hud/welfare/unemployment, other spending. that's how unbalanced it is. that's why they say we can't live like this
Current
Jan 8, 2013 6:00am PST
in a series won't that be fun? we can have a debt ceiling crisis every week now. >> that's leadership. >> stephanie: yes. unless obama agrees to trillions of sending cuts outright. if cracks are forming in the republicans offensive, democrats don't have to resort to unconventional means. we'll see what adam schiff thinks about this. because he knows a little something about something. >> he does. >> stephanie: bob in boston you are on the "stephanie miller show." hi, bob. >> caller: how are you doing? >> stephanie: good, go ahead. >> caller: any time people want to put guns in schools, why don't you just respond by saying fort hood. >> stephanie: yeah. >> caller: how come so many people died at fort hood at the hands of one shooter. >> stephanie: columbine also there was an armed guard. yeah, that's just a ridiculous idea. >> uh-huh. >> stephanie: that's just dumb. okay. twenty-nine minutes after the hour. charlie pierce next on the "stephanie miller show." ♪ i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the
FOX News
Jan 7, 2013 4:00pm PST
nation's debt ceiling. the feds predict we will not be able to pay our bills about two months from now. but some republicans say they are willing to let the government partially shut down if new spending cuts are not part of the deal. all of this just a week after the fiscal cliff fiasco. shannon bream in washington tonight. here we go again. what are we getting in the way of an inside look at the fiscal cliff talks? >> well, shep, in a wide ranging interview with the "wall street journal" house speaker john boehner talked about what really happened a couple weeks ago. quote one week several weeks ago the president said to me we don't have a spending problem. he said he was stunned and continued to press the point and said the president then told him quote i'm getting tired of hearing you say that boehner also says he will no longer do closed door one-on-one talks with mr. obama calling them futile. response to the boehner claims and so far shep we have not gotten one. >> we got tax increases on some americans and it sounds like there may be more to come? >> depends on whom you ask. here is senate minority leader republican mitch mcconnell. >> the tax issue is finished, over, completed. that's
FOX News
Jan 8, 2013 3:00am PST
sequester, automatic across the board cuts. the president set that up back in 2011 when the debt ceiling talks broke down. this was the way to kind of get the republicans to come to the table. and during all of those negotiations, the president, according to the speaker boehner, kept waiting for the speaker to bring up the sequester and he never did. so it wasn't until a day before they reached that final deal. i think it was like the day before new year's, that finally the president said to speaker boehner, wait a minute, what about the sequester? we can't live with this. so finally they delayed it for two months. but this is a big problem. it's one of the reasons i think now the tables shifts from the democrats having the upper hand in these past negotiations because all the taxes were automatically going to go up, now all the spending cuts are automatically going to happen. i think that's one reason the speaker is optimistic he might be able to get some tax reform out of the democrats and maybe also a bigger deal might be on the entitlements. the big programs like medicare and medicai
CNBC
Jan 8, 2013 6:00am EST
going to look like for the debt ceiling. what are your colleagues saying at this point? we've got -- we've got the other side saying it's not going to be about spending cuts. we need another whatever $2 trillion. they want to go 50/50 again. they want another trillion dollars, and so they got the higher marginal rates. they're going to want to do the other thing now. tax reform by closing loopholes, but not revenue neutral tax reform. but to raise another trillion dollars. will republicans go along with that? >> well, first of all, from the republican standpoint i think our thoughts are that president obama got the revenue portion, the tax increase portion of his balanced approach. he got $600 billion, plus we also have to keep in mind we've got $1 trillion worth of tax increases on obama care. by the way, those are middle income tax increases. they're indirect, but they're going -- >> he's not going to agree with that. he's going to say i was at 1.6 trillion and then i made a concession to 1.2. >> it's pretty jaw dropping when he says he's not even going to debate the debt ceiling. yes, he is. he's going to have to. any time the president of the united state
CSPAN
Jan 8, 2013 1:00am EST
various debt ceiling deals, averted sequestration or not averted sequestration, this is a very timely period to be having this conversation. we are joined by a fantastic panel of experts to help us cut trees some of this confusion. and pull back and look at some of the bigger strategic questions out there. i'm joined by three folks. the senior fellow and director of the church -- director of research here at brookings institution. he is one the most prolific voices in this issue and has written hundreds of articles, including one on foreignpolicy.com right now. his most recent book includes opportunity, why nuclear arms is still important and the wounded giant, america's armed forces in an age of austerity. the larger and by one of the top thinkers and teachers in the field of security studies. he is a professor at columbia in university. his numerous books have garnered critical success from the american political science association for the best book in political science. he is also a key facilitator of a facility studies workshop. he has a great deal of experience in the policy field. the senior fellow, he is a former staff member a mark on the national security council and served six
Search Results 0 to 35 of about 36 (some duplicates have been removed)